Highlights
- Tamilnad Mercantile Bank's total business increased 23.04% year-on-year to Rs. 1,21,715 Cr.
- Total advances grew 27.01%, while deposits registered 19.71% annual growth.
- The bank reported sequential growth in total business, advances and deposits during Q1 FY27.
Tamilnad Mercantile Bank Limited (NSE:TMB) has released its provisional business update for the quarter ended June 30, 2026. The bank disclosed the business figures to the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the filing, the figures are provisional and remain subject to a limited review by the Statutory Central Auditors of the bank.
Total Business Crosses Rs. 1.21 Lakh Cr
Tamilnad Mercantile Bank reported total business of Rs. 1,21,715 Cr as of June 30, 2026, compared with Rs. 98,923 Cr as of June 30, 2025, representing a year-on-year growth of 23.04%.
On a sequential basis, total business increased from Rs. 1,15,091 Cr as of March 31, 2026, reflecting quarter-on-quarter growth of 5.76%.
Advances Continue Double-Digit Growth
The bank's total advances stood at Rs. 57,306 Cr as of June 30, 2026, compared with Rs. 45,120 Cr in the corresponding period last year, registering year-on-year growth of 27.01%.
Compared with Rs. 53,379 Cr reported as of March 31, 2026, advances recorded quarter-on-quarter growth of 7.36%.
Deposits Rise While CASA Moderates Sequentially
Total deposits increased to Rs. 64,409 Cr as of June 30, 2026, from Rs. 53,803 Cr a year earlier, reflecting year-on-year growth of 19.71%. On a sequential basis, deposits grew 4.37% from Rs. 61,712 Cr reported at the end of March 2026.
The bank's Current Account Savings Account (CASA) deposits stood at Rs. 16,852 Cr, compared with Rs. 14,411 Cr as of June 30, 2025, registering year-on-year growth of 16.94%. However, CASA declined 2.95% from Rs. 17,365 Cr reported as of March 31, 2026.
Business Figures Subject to Limited Review
Tamilnad Mercantile Bank stated that the business figures disclosed for June 30, 2026, are provisional and subject to a limited review by its Statutory Central Auditors.
The disclosure was signed by Swapnil Yelgaonkar, Company Secretary and Compliance Officer.
Key Risks
- Asset quality trends may affect future lending performance.
- Deposit mobilisation depends on competitive banking conditions.
- Interest rate movements could influence net interest margins.
- Regulatory changes may impact banking operations and growth.
Summary
Tamilnad Mercantile Bank reported provisional total business of Rs. 1,21,715 Cr as of June 30, 2026, reflecting year-on-year growth of 23.04%. Total advances increased 27.01% to Rs. 57,306 Cr, while deposits rose 19.71% to Rs. 64,409 Cr. CASA balances also registered annual growth, although they declined sequentially compared with March 2026. The reported figures remain subject to a limited review by the bank's Statutory Central Auditors.
FAQs
Q: What was Tamilnad Mercantile Bank's total business as of June 30, 2026?
A: The bank reported provisional total business of Rs. 1,21,715 Cr, representing 23.04% year-on-year growth.
Q: How did Tamilnad Mercantile Bank's advances perform during Q1 FY27?
A: Total advances increased 27.01% year-on-year to Rs. 57,306 Cr and rose 7.36% sequentially from March 2026.
Q: What was the bank's deposit growth during the quarter?
A: Total deposits rose 19.71% year-on-year to Rs. 64,409 Cr and increased 4.37% compared with March 31, 2026.